Tagged: Deutsche Bank

DOJ Loses Another Libor-Rigging Case on Appeal

DOJ Loses Another Libor-Rigging Case on Appeal

The Justice Department trumpeted its criminal prosecutions against defendants charged with Libor-rigging.  It had a right to toot its own horn.  But many of these convictions have not withstood the scrutiny of appellate courts. Recently, the US Court of Appeals for the Second Circuit, in United States v. Connolly, reversed the criminal convictions of Matthew Connolly and Gavin Black.  Interestingly, the Second Circuit panel rejected...

Deutsche Bank and Sanctions Violations: More to Come

Deutsche Bank agreed to pay $258 million and fire six employees to resolve a New York and Federal Reserve investigation for sanctions violations from 1999 to 2006. The settlement is big news but ignores three key players who are continuing to investigate Deutsche Bank: the Justice Department; the Treasury Department’s Office of Foreign Assets Control (“OFAC”); and the Manhattan District Attorney’s Office. Deutsche Bank has...